Discuss the two types of trade flow

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Reference no: EM131490970

This assignment will assess the following learning outcomes:

1. An understanding of a variety of international environmental effects on business.
2. An analysis of the impact of uncertainty on international business behaviour.
3. Demonstrate independent learning in preparation for assignment

Assignment International Business

The data shown below reflect the growth of world merchandise trade (exports) for the period 1870-2007. Critically analyse the facts and respond to the four (4) tasks enumerated below:

The rapid growth of world trade over the last century reflects, at least in part, the fact that nations have become more interrelated as they attempted to gain the benefits of free trade. The table below compares the relative growth of world trade and world output from 1870 to 2007. It shows that the growth rate of world merchandise trade (exports) has exceeded the growth of world output (GDP) in four of the five periods. The post-Second World War period (1950-73) saw an unprecedented growth of world trade which far outstripped the growth of world production (Wall, S. & Ress, B., 2010).

Growth in world GDP and merchandise trade 1870-2007 (average annual % change

Source: Adapted from WTO, International Trade Statistics (various) and Annual Reports (various) Given the information above:

1. Discuss the two types of trade flow that underlie the recorded growth in world trade.

2. Select one type of trade flow and apply it to the country of your choice that is currently involved in world merchandise trade.

3. Provide the country's 5-year net export figure (2010-2015):
a. Evaluate its performance based on the given data and discuss whether the balance of trade is a "favourable" surplus (exports exceed imports) or an "unfavourable" deficit (imports exceed exports) to the domestic producers and domestic consumers.
b. Examine its effect on the country's gross domestic product (GDP). Show the actual relationship, with figures and chart.

4. Determine the measure/s to sustain a positive net export or method/s to restrict the level of imports that when left unabated will lead to realising a negative net export.
(Note: the method may be against the essence of free trade, in this case, come up with justification/s for the use of such a method).

Verified Expert

This assignment focuses on the international trade or international business. The introduction defines international business or trade that every country is working to increase for the benefit of the economy of the country. The two trade flows are explained in it in detail. The main body includes the discussion over one type of trade flow that is applied on one country that indulges in the international merchandise trade. The country selected here is Australia the discussion about the imports, exports and trade balance of the country is done. The measures to bring the balance of trade on positive side is added in the main body. In the end conclusion summarizes the whole essay and recommendations are added to improve the country’s economy.

Reference no: EM131490970

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Reviews

inf1490970

6/2/2017 5:43:18 AM

Yes, thank you such a great amount for the report. I just completed understanding it and you satisfied every one of the necessities for the paper (you even included a larger number of sources than required - I value it). I have been quite recently so occupied with different papers and exams this helped me out extraordinarily. Much obliged to you...

len1490970

5/10/2017 6:10:50 AM

Main Body performance based on its 5-year net 70 (Contents & export figures (400 words) (20 marks) Discussion) C. Examination of the relationship of actual 5-year net export figure vis-à-vis the GDP data for the same period (400 words) (20 marks) D. Determination & justification of the use of measures/methods in relation to sustaining a positive net export and abating a negative net export (300 words)(15marks) A. Brief summary of the main body giving emphasis that growth in world Conclusion & trade (exports) is consistent/not Recommendation consistent with rising economic prosperity (GDP) (150 words) (5 marks) 10 B. Formulate suggestion/s based on the findings (150 words) (5 marks) Academic A. At least 10 references using Harvard References Referencing System (5 marks) 5 Total 100

len1490970

5/10/2017 6:10:45 AM

Need international business assignment as per requested by college, details mentioned and attached and highlighted important points, waiting for your feedback Criteria Descriptions Maximum Marks Allocated A. Narrative of current international trade & economy (150 words) (5 marks) Introduction B. Explanation of the two types of trade flow with example/s (150 words) (10 marks) 15 A. Application of the type of trade flow to the country that is involved in world merchandise trade (300 words) (15 marks) B. Evaluation of the country's

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